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Marketplace AM for June 29, 2007

When Britain ceded control of its former colony in 1997, there were predictions that communist China would kill the golden goose. But this anniversary finds Hong Kong doing just fine, thank you. Kate Woodsome reports.

The U.S. auto industry is in trouble, and that means trouble for UAW members. It's a far cry from the heady days when the union could all but call the shots when negotiating with the Big Three. Alisa Roth reports.

The downturn in the U.S. housing market may have ripple effects for the rest of the economy, but it's good news for folks looking for a summer rental as the holiday season comes to a head. Steve Tripoli reports.

The president's "fast-track" authority to make international deals expires Saturday, with no signs it will be renewed. That may give Congress added power to shape global business practices. Elizabeth Wynne Johnson reports.

The iPhone goes on sale in the U.S. today, and Apple is looking to sell millions more in Europe. The fight is on to be the sole service provider. Times of London correspondent Elizabeth Judge is following the fray.

Contracts for Hollywood writers and actors are up for renegotiation soon, and studio heads are stocking up on scripts and rushing production in case of an industry-wide strike. Are even more reality shows on the horizon?

Whichever company wins the intense battle in Europe to be the iPhone's cellular provider may have to bleed red ink. Europeans could balk at the $600 price unless it's subsidized by the provider. Stephen Beard explains.